Important Terms Related to Garment Buying House
Merchandiser at Fashion Xpress Buying House.
Badda, Dhaka, Bangladesh.
Garment buying house is the working place of apparel merchandisers. Basically garment buying house tries to communicate with buyers of other countries who want to buy garment products. RMG sector of Bangladesh can produce higher quality product with lower price compared to the others countries. As a result foreign buyers are highly interested to place their order here. But they have no enough idea of order placement and execution here; as a result they come through the buying house. At present, buying house plays an important role in garments manufacturing sector. Some important terms which are normally used in garment buying house are discussed in this article.
Important terms related to Buying House:
Some garment buying house related terms are mentioned in the following:
- Satellite office,
- Customer or End buyer,
- Third party buyer or trading house,
- Whole Seller,
- Woven garments industry,
- Knit garments industry,
- Full fashion garments industry.
Those points are explained in the below:
Importers are those who buy or import the product from foreign or overseas country in large quantities are called importers.
2. Satellite office:
Satellite office is the country office of the actual buyer. Importers set-up their own office in respective country to lace order & execute directly.
3. Customer or End buyer:
Importer is known as customer or end buyer. Sometimes they place order directly to the foreign factory or by their satellite office or by the trading house. Customer or end buyer may be whole seller or retailer.
4. Third party buyer or Trading house:
Third party buyer or trading house is not the actual buyer. They just act as a buyer to the factory on behalf of the importer/end buyer/customer. They place order and execute that by maintaining actual buyer’s instruction and get their commission from the importer. They are also known as buying agent.
Consumers are those who buy the ultimate product are called customers. Customers of a product may be the consumer of this product or not.
Buyer’s are those who buy the product from others in large quantities are called buyers.
7. Whole Seller:
Whole Sellers are those who sell the product to the retailer are called whole sellers.
Retailers are those who sell the product directly to the customer are called retailers.
Manufacturers are those who manufacturer the product are called manufacturer.
Sellers are those who sell the product to the others are called seller.
Exporters are those who sell or export the product to the buyer of foreign country are called exporter.
Traders are those who establish liaison between buyer and manufacturer are called trader.
13. Woven garments industry:
The industry which is manufactured woven garments such as- Shirt, Trouser, Pant, Jacket etc.
14. Knit garments industry:
The industry which is manufactured knitted garments such as- T-shirt, Polo-shirt, Tank top etc.
15. Full fashion garments industry:
The industry which is manufactured knitted garments by using yarn as main materials instead of fabric is called it. Here, the main products are Sweater, Pullover and Cardigan etc.